Mathematics 1 Deneme Sınavı Sorusu #1357152

A company produces a certain item whose demand function is p(x)=10x-150, and supply function is q(x)=5x-100. For what values of x is there a market shortage?


x<10

B) x<15

C) x<20

D) x>10

E) x>15


Yanıt Açıklaması:

The market is in equilibrium when supply and demand are equal. So, equation these we find 10x-150=5x-100 from which we find x=10. Therefore, there will be market shortage when x<10.

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